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Comparative Studies | Entrepreneurship | India | Volume 12 Issue 7, July 2023 | Popularity: 4.7 / 10

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Comparative Study of Corporate Social Responsibility of Significant Players forming Major Constituent Industries of the IIP (Index of Industrial Production)

Shreyashi Kundu, Dr. Somak Maitra, Dr. Mareshah Dutt

Abstract: The study draws a corollary from the annual reports of the selected Indian firms on CSR disclosures in light of the Companies Act 2013. The study selects one firm each from eight major contributory sectors of Index of Industrial Production (IIP). The selection is based on judgement sampling. The company with highest market capitalisation in each of the dominant sectors was chosen. The Nodal areas of involvement in Corporate Social Responsibility (CSR) were scanned and categorised. The areas were related to 'environment', 'community development', 'human resources', and 'welfare of minority'. Utmost propriety and disclosure norms have been addressed in the fields of 'human resources' and 'community development'. The study also observed that a more explanatory disclosure is communicated by Public Sector Units (PSUs) in their annual report than that of private sector companies.

Keywords: Corporate Social Responsibility (CSR), Index of Industrial Production (IIP), Corporate Social Responsibility Disclosure (CSRD)

Edition: Volume 12 Issue 7, July 2023

Pages: 846 - 852

DOI: https://www.doi.org/10.21275/SR23711153109

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